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November 16, 2020

When life blows up your well-laid plans

  • People who lose a loved one expect to grieve. People who lose their financial security suffer "ambiguous loss," where many elements of their lives are the same.

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    The biggest task after financial loss may be dealing with your emotions after the future you had envisioned disappears.

    Job loss, business failure, involuntary retirement, divorce, disability or the death of a breadwinner — these are just some of the ways our finances can force us to come up with a Plan B. That's never as simple as downloading a list and ticking off completed assignments, however.

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